NEW YORK, Dec. 17, 2015 /PRNewswire/ -- This report analyzes the starch derivatives market, in terms of region, function, type, and application.
The starch derivatives market has grown exponentially in the last few years and this trend is projected to continue following the same trend until 2020. The market was valued at USD 45.74 million in 2014 and is projected to grow at a CAGR of 6.1% from 2015 to 2020. In terms of volume, the market is estimated at 50.16 million tons in 2015 and is projected to reach 60.02 million tons by 2020.
The primary factor driving the global success of starch derivatives is the increased consumption of processed and convenience foods across the globe. Convenience foods are a daily part of most consumers' lives in developed countries. Convenience foods have also reduced the time associated with food preparation and increased the quantity and variety of foods consumed hence making them highly preferred in developing regions.
The starch derivatives market studied in this report is segmented on the basis of application into food & beverage, feed, paper, cosmetics and pharmaceuticals. The market is segmented on the basis of function into thickening, stabilizing, binding and emulsifying agents. On the basis of type, it is segmented into maltrodextrin, cyclodextrin, glucose syrup, hydrolysates, and spray dried starch. The market is also segmented on the basis of regions into North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW); and has been further segmented on the basis of their key countries.
The starch derivatives market is projected to reach USD 65.42 billion by 2020. It is projected to grow as a result of new products being launched in different applications and companies expanding their footprint in new geographic regions. The Asia-Pacific region dominated the starch derivatives market in 2014.
This report provides both, qualitative and quantitative analyses of the market for starch derivatives. It includes market dynamics, trends, competitive strategies preferred by key market players, the driving factors that boost the growth of the starch derivatives market, and restraints of the market. The report also studies the opportunities in the market for new entrants.
To maintain a competitive edge in the starch derivatives market, the key players invest heavily in the launch and development of new products and expansions. Leading players such as Cargill Inc. (U.S.), Ingredion Inc. (U.S.), Archer Daniels Midland Company (U.S.), Roquette Frères (France), and Avebe U.A. (Netherlands) have been profiled in the report. The report also provides a complete analysis of the prominent companies and a chronology of developments with respect to new products launched and their applications.
SCOPE OF THE REPORT
Starch derivatives Market
On the basis of function, the market is sub-segmented as follows:
On the basis of application, the market is sub-segmented as follows:
- Food & Beverage
On the basis of type, the market is sub-segmented as follows:
- Glucose Syrup
- Spray Dried Starch
On the basis of region, the market is sub-segmented as follows:
- North America
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